Moisture Curing Adhesives Market: About the Report
Moisture curing adhesives with industry-specific features will gain prominence in the years to come. With increasing focus on environmentally-safer and sustainable products that comply with regional regulations, Fact.MR’s report elaborates on how players in the moisture curing adhesives market are adapting and changing their strategies and processes to gain a stronger foothold in this space.
Ever-increasing demand from the automotive and construction industry bodes well for market expansion. The report also explains why the regions of North America, especially the U.S., and Asia, especially China, will offer stakeholders with lucrative opportunities over the coming decade.
Moisture Curing Adhesives Market Overview
Being an integral part of verified coating solutions such as primers and other intermediate coats, demand for moisture curing adhesives is growing rapidly in a variety of end uses and industrial applications. The global moisture curing adhesives market will cross a valuation of US$ 5 billion in 2020, and growth is expected to be registered at the rate of 6% over the forecast period of 2020 to 2030.
While adoption of moisture curing adhesives is spread across a vast range of applications, environmental awareness about the negative impacts of urethane on the ecosystem may hamper market growth. Manufacturers in the moisture curing adhesives market are likely to shift focus on introducing environmentally safer alternatives to comply with regional regulations.
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Moisture Curing Adhesives Market Insights by Composition
Consumption of cyanoacrylate is expected to account for nearly 20% share in the global sales of moisture curing adhesives over the coming years. As cyanoacrylates are known to be quick-acting, strong adhesives, their applications in the construction industry as well as household applications are significantly high. Furthermore, their demand in wood working applications is also noteworthy, and this adds to its share in the global moisture curing adhesives market.
In addition to this, polyurethane is also expected to remain an important offering for manufacturers in the moisture curing adhesives market, as its high loading capability reflects in its wide-ranging applications. Growing adoption of polyurethane as a moisture curing adhesive in the construction sector is mainly attributed to its unique materialistic properties such as high water resistance and its advantage of weathering resistance.
This is expected to influence the upcoming trends in the moisture curing adhesives market in the next decade.
Moisture Curing Adhesives Market Insights by End-use Industry
Demand for moisture curing adhesives remains highest in the construction industry, as its application in this segment accounts for around one-fourth revenue share of the global market. Its application in the automotive industry is also expected to remain significantly high, influencing manufacturers’ and suppliers’ upcoming strategies over the coming years.
Owing to its high resistance to moisture and high strength properties, adoption of polyurethane will remain the highest in the construction industry. Also, its durability also makes it an important component used in interior and exterior development in the housing and construction industry. This is likely to influence major strategies of leading market players in the coming decade.
In addition, growing production of lightweight automobiles has further bolstered demand for lightweight and durable moisture curing adhesives in the automotive industry. Over the coming years, production of lightweight automotive components coated with moisture curing adhesives is expected to pick pace, reflecting in multiplied demand in the automotive industry.
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Regional Outlook of Moisture Curing Adhesives Market
Based on geographical factors, the moisture curing adhesives market is broadly segmented into seven regions - North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. With over one-fourth revenue share, the North American region is expected to prove the most lucrative for stakeholders in the moisture curing adhesives market. The moisture curing adhesives market in the United States surpassed the US$ 1.5 billion mark in 2019. The trend is expected to persist over the coming years, creating new opportunities for stakeholders in the region.
On the other hand, the Chinese market is expected to record a positive growth rate with the projection of a compound annual growth rate of around 10% from 2020 to 2030. Rapidly growing construction industry along with governments’ investments in infrastructure development in the Asia Pacific region are expected to attract manufacturers and suppliers to this region.
Moisture Curing Adhesives Market: Key Players
A mounting number of players in the global market for moisture curing adhesives are beginning to adopt partnership strategies to collaborate for strengthening their access to raw materials. Tie-ups with suppliers and vendors across the world are expected to become a common practice among players over the coming years. Furthermore, integrating operations in order to cut costs in terms of manufacturing operations and raw material procurement will become popular.
In addition, advancements in material science and technologies are expected to influence manufacturers’ strategies over the coming years. Increasing number of market players are investing heavily in research & development by incorporating these technologies for the development of innovative moisture curing adhesives with industry-specific features. Deriving new compositions to create one-component moisture curing adhesives with high-resilient properties is one of the most popular strategies adopted by leading players in the moisture curing adhesives market.
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The Analyst’s Viewpoint
“Moisture curing adhesives will continue to be an important part of most end-use industries, and, as a result, demand will remain strong over the coming years. Market players must leverage golden opportunities created by the flourishing industrial sector in order to grow their business on a global platform. While capitalising on lucrative opportunities, market players must focus on deliberately reducing response time to gain a competitive edge in this space.”
COVID-19 Impact on Moisture Curing Adhesives Market
The global outbreak of the novel coronavirus has disrupted many industries and business operations, which has ultimately had an impact on the moisture curing adhesives market too. Business were hit with a slump in demand and sales, which reflected in a huge number of roadblocks for stakeholders in the market.
However, with a mounting number of industries commencing their manufacturing operations, businesses in the moisture curing adhesives market are expected to witness a rise in demand over the coming years.
Various stakeholders in the moisture curing adhesives market can increase focus on offering end-use industry-specific solutions in order to boost their growth trajectories. Increasing developments in the automotive industry are expected to trigger the speed of operations in the moisture curing adhesives market in the post-COVID business environment.
Manufacturers can also increase their focus on research & development to introduce more efficient and innovative offerings that can suit the changed needs of the post-pandemic world.
Moisture Curing Adhesives Market: Segmentation
The study offers a detailed estimation and outlook of the moisture curing adhesives market based on composition, end-use industry, and region.
- Wood Working
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
Moisture Curing Adhesives Market - Scope Of The Report
A new study published by Fact.MR analysed various aspects of growth for the moisture curing adhesives market for the historic period of 2015 to 2019 and forecast period of 2020 to 2030. Based on the analysis, the report provides a complete overview of the moisture curing adhesives market, and an estimate on expected market values throughout the forecast period. Readers will get a complete idea on how the moisture curing adhesives market will grow over the next decade.
The report explains in detail prominent market drivers as well as the roadblocks that may hinder growth for players in the moisture curing adhesives market. A complete analysis of the drivers, restraints, challenges, opportunities, and trends that will define the growth prospects of the moisture curing adhesives market has been included.
The report also categorises these parameters based on global and regional aspects, which enables market players to modify their global and regional business strategies in order to establish great growth over the coming years. It predicts post-pandemic trends and opportunities in the moisture curing adhesives market, which can prepare businesses to face uncertain times.
The Fact.MR report also provides a comprehensive mapping of leading players in the moisture curing adhesives market, and gives readers an overview of the competitive landscape in this space. All the actionable insights mentioned in the moisture curing adhesives market report can ultimately help players make data-based decisions and plan effective strategies to lead the market in the coming decade.
Moisture Curing Adhesives Market: Report Summary
The Fact.MR report on the moisture curing adhesives market gives a complete overview of the global and regional growth parameters to provide accurate quantitative and qualitative insights to readers. An unbiased analysis of various geographical, political, sociological, and economical factors that may impact the growth of the moisture curing adhesives industry is included in the Fact.MR study. The structure of the study covers historical, current, and futuristic growth prospects of the moisture curing adhesives market.
Key Questions Answered in Fact.MR’s Report on Moisture Curing Adhesives Market
- Which type of application will contribute to business growth in the moisture curing adhesives market?
- Who are the leading companies in the market and what are their valuations and market shares?
- What should be the key sustainability strategies of players to win in the global moisture curing adhesives market space?
- What would be the major challenges for manufacturers in the coming decade?
- What was the size of the market (value and volume) in 2019?
- Which factors will majorly drive the growth of the moisture curing adhesives market over the coming years?
Moisture Curing Adhesives Market: Research Methodology
The Fact.MR study on the moisture curing adhesives market is based on thorough research and exclusive analysis done by an experienced team of analysts and consultants. The research methodology mostly includes two parts - primary and secondary research, and the ultimate conclusions are completely based on results obtained from these two processes.
While performing primary research for this Fact.MR study, our consultants and analysts have had thorough interactions with different CXOs of leading businesses and companies in the moisture curing adhesives market. Our team has also studied various research papers, white papers, government websites, regulatory policies, and different case studies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.